RT Journal Article SR Electronic T1 The Equity Risk Premium Controversy JF The Journal of Investing FD Institutional Investor Journals SP 37 OP 43 DO 10.3905/joi.2005.517173 VO 14 IS 2 A1 Charles P. Jones A1 Jack W. Wilson YR 2005 UL https://pm-research.com/content/14/2/37.abstract AB The equity risk premium controversy is a puzzle with implications for investors and money managers. Whatever the arguments about a high equity risk premium in the past, there has been a substantial premium over time on average, although typically not as great a realized premium to investors. There is similarly credible evidence that an equivalent or only slightly lower premium may continue into the future.